New England Realty Associates LP Stock Research

Market Summary

USD76.25+0.25

Delayedas of 25 Jan 2023, 03:52 pm

0.33%

NEN Stock Price

NEN RSI Chart

NEN Valuation

Market Cap

242.5M

Price/Earnings (Trailing)

-315.05

Price/Sales (Trailing)

3.96

Price/Free Cashflow

14.27

NEN Price/Sales (Trailing)

NEN Profitability

Return on Assets

-0.61%

Free Cashflow Yield

7.01%

NEN Fundamentals

NEN Revenue

Revenue (TTM)

65.6M

Revenue Y/Y

9.61%

Revenue Q/Q

2.12%

NEN Earnings

Earnings (TTM)

-2.4M

Earnings Y/Y

-57.36%

Earnings Q/Q

-29.04%

Price Action

52 Week Range

67.0084.64

(Low)(High)

Last 7 days

6.4%

Last 30 days

2.1%

Last 90 days

-0.6%

Trailing 12 Months

-3.7%

NEN Financial Health

NEN Investor Care

Peers (Alternatives to New England Realty Asso)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PSA	51.0B	4.0B	3.74%	-12.10%	11.19	12.69	24.01%	170.44%
DLR	30.8B	4.6B	6.08%	-29.17%	21.38	6.75	4.35%	106.20%
CBRE	27.0B	-	8.52%	-17.42%	13.36	0.72	19.45%	38.39%
INVH	19.2B	2.2B	6.72%	-21.60%	53.83	8.83	12.27%	38.71%
WPC	17.5B	1.5B	6.28%	16.22%	35.78	12.06	14.82%	9.92%
MID-CAP
JLL	8.6B	21.2B	11.54%	-29.09%	9.5	0.4	16.07%	14.02%
CWK	3.2B	10.3B	15.98%	-35.62%	10.28	0.31	17.82%	306.24%
KW	2.3B	264.4M	10.10%	-19.50%	21.87	8.85	-39.95%	-76.97%
SMALL-CAP
NMRK	1.6B	3.1B	7.62%	-42.30%	7.01	0.51	22.16%	-62.15%
MMI	1.5B	1.5B	8.14%	-17.79%	9.64	0.99	45.92%	52.09%
RDFN	683.8M	2.4B	43.72%	-78.80%	-2.39	0.28	60.60%	-317.35%
ARL	365.7M	32.8M	-10.58%	73.90%	1.13	11.13	-37.60%	2961.50%
NEN	242.5M	65.6M	2.11%	-3.73%	-315.05	3.96	8.45%	-110.88%
INTG	95.4M	65.6M	-13.70%	-11.38%	-13.62	1.45	50.06%	-359.30%
MAYS	89.2M	22.1M	-7.46%	10.65%	-340.39	4.04	7.96%	-162.01%

Financials for New England Realty Asso

Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Revenue	2.3%	66	64	63	61	61
S&GA Expenses	2.5%	3	3	2	2	2
Interest Expenses	1.8%	14	14	14	14	14
Net Income	-15.8%	-2.39	-2.06	-2.70	-0.77	-1.13
Net Income Margin	-13.2%	-0.04*	-0.03*	-0.04*	-0.01*	-0.02*
Free Cahsflow	-12.2%	14	16	16	17	17

* denotes actual numbers (not divided by Millions)

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Assets	11.3%	390	350	357	289	290
Cash Equivalents	43.7%	133	92	96	25	23
Liabilities	10.6%	449	406	406	334	334
Float	-	121	-	-	-	-

Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Cashflow From Operations	-12.2%	14,066	16,021	15,783	16,996	17,096
Cashflow From Investing	7.9%	-2,325.53	-2,526.15	-2,332.45	-2,304.22	-2,246.61
Cashflow From Financing	68.3%	97,523	57,948	63,986	-6,923.50	-6,878.45
Buy Backs	37.9%	7,378	5,351	450	-	-

Risks for NEN

What is the probability of a big loss on NEN?

36.9%

Probability that New England Realty Asso stock will be more than 20% underwater in next one year

17.7%

Probability that New England Realty Asso stock will be more than 30% underwater in next one year.

Probability that New England Realty Asso stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NEN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if New England Realty Asso was unfortunately bought at previous high price.

Drawdowns

Returns for NEN

Cumulative Returns on NEN

12.0%

10-Year Cumulative Returns

8.8%

7-Year Cumulative Returns

3.2%

5-Year Cumulative Returns

3-Year Cumulative Returns

What are the long-term rolling returns for NEN?

FIve years rolling returns for New England Realty Asso.

Annualized Returns

Which funds bought or sold NEN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2022-11-15	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
2022-11-14	MORGAN STANLEY	unchanged	-	-	326,000	-%
2022-11-14	JPMORGAN CHASE & CO	unchanged	-	-	35,000	-%
2022-11-14	LPL Financial LLC	unchanged	-	-	755,000	-%
2022-11-14	WELLS FARGO & COMPANY/MN	unchanged	-	-	102,000	-%
2022-11-14	Cerity Partners LLC	unchanged	-	-	439,000	-%
2022-11-14	BANK OF AMERICA CORP /DE/	unchanged	-	-	273,000	-%
2022-11-14	COMMONWEALTH EQUITY SERVICES, LLC	new	-	456,000	456,000	-%
2022-11-10	UBS Group AG	added	1.86	1,000	38,000	-%
2022-11-07	Warberg Asset Management LLC	reduced	-6.74	-93,000	1,291,000	0.22%

Latest Funds Activity

Are funds buying NEN calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own NEN

No. of Funds

New England Realty Asso News

NEN Fair Value

Recent SEC filings of New England Realty Asso

View All Filings

Date Filed	Form Type	Document
Jan 19, 2023	10-Q	Quarterly Report
Jan 03, 2023	4	Insider Trading
Jan 03, 2023	4	Insider Trading
Dec 06, 2022	8-K	Current Report
Nov 21, 2022	8-K	Current Report
Nov 10, 2022	NT 10-Q	NT 10-Q
Nov 09, 2022	4	Insider Trading
Nov 09, 2022	4	Insider Trading

Latest Insider Trading transactions for NEN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-30	Brown Jameson Pruitt	sold	-22,513.7	2,297.32	-9.8	treasurer
2022-12-30	Brown Jameson Pruitt	sold	-1,148.66	2,297.32	-0.5	treasurer
2022-12-30	BROWN RONALD	sold	-7,581.16	2,297.32	-3.3	president
2022-12-30	BROWN RONALD	sold	-459.464	2,297.32	-0.2	president
2022-09-30	BROWN RONALD	sold	-3,822.4	2,389	-1.6	president
2022-09-30	BROWN RONALD	sold	-70,236.6	2,389	-29.4	president
2022-09-30	Brown Jameson Pruitt	sold	-10,989.4	2,389	-4.6	treasurer
2022-09-30	Brown Jameson Pruitt	sold	-210,471	2,389	-88.1	treasurer
2022-09-15	Brown Jameson Pruitt	bought	198,025	79.21	2,500	treasurer
2022-06-30	BROWN RONALD	sold	-5,962.5	2,385	-2.5	president

About New England Realty Asso

Ronald Brown

www.thehamiltoncompany.com

New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire. As of February 1, 2022, the company owned 2,892 residential apartment units in 25 residential and mixed-use complexes, and 19 condominium units in a residential condominium complex located primarily in the metropolitan Boston area of Massachusetts. In addition, it owned a commercial shopping center in Framingham, Massachusetts; one commercial building in Newton and one in Brookline, Massachusetts; commercial space in mixed-use buildings in Boston, Brockton and Newton, and Massachusetts; and 40% to 50% ownership interest in seven residential and mixed use complexes with a total of 688 residential units, one commercial unit, and a 50 car parking lot. NewReal, Inc. serves as the general partner of the company. New England Realty Associates Limited Partnership was incorporated in 1977 and is headquartered in Allston, Massachusetts.

NEN Income Statement

2022-09-30

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	3 Months Ended		9 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($)	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues
Rental income	$ 16,974,515	$ 15,832,492	$ 50,260,258	$ 46,145,825
Laundry and sundry income	103,868	114,180	330,461	336,980
Total Revenues	17,078,383	15,946,672	50,590,719	46,482,805
Expenses
Administrative	696,656	607,478	2,028,319	1,819,481
Depreciation and amortization	4,114,913	3,956,979	12,212,278	11,806,561
Management fee	683,999	646,059	2,029,453	1,867,798
Operating	1,410,843	1,338,718	5,609,302	4,792,332
Renting	181,574	458,040	501,906	941,281
Repairs and maintenance	3,126,953	3,128,369	8,381,339	7,432,860
Taxes and insurance	2,302,648	2,259,793	6,879,455	6,688,885
Total Expenses	12,517,586	12,395,436	37,642,052	35,349,198
Income Before Other Income (Expense)	4,560,797	3,551,236	12,948,667	11,133,607
Other Income (Expense)
Interest income	363,350	27	363,411	74
Interest expense	(3,982,445)	(3,393,518)	(11,060,794)	(10,136,630)
Income (loss) from investments in unconsolidated joint ventures	93,516	(233,130)	203,867	(796,725)
Other (expenses)	(39,994)		(874,526)
Total Other Income (Expense)	(3,565,573)	(3,626,621)	(11,368,042)	(10,933,281)
Net Income	$ 995,224	$ (75,385)	$ 1,580,625	$ 200,326
Income per Unit
Net Income per Unit (in dollars per unit)	$ 8.32	$ (0.62)	$ 13.12	$ 1.65
Weighted Average Number of Units Outstanding (in units)	119,638	121,756	120,465	121,756

NEN Balance Sheet

2022-09-30

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Rental Properties	$ 242,937,926	$ 251,355,202
Cash and Cash Equivalents	59,473,939	96,083,508
Rents Receivable	414,659	935,303
Real Estate Tax Escrows	1,907,378	861,697
Investment in U.S. Treasury Bills	73,995,586
Prepaid Expenses and Other Assets	7,613,638	6,183,981
Investments in Unconsolidated Joint Ventures	1,439,150	1,455,888
Total Assets	387,782,276	356,875,579
LIABILITIES AND PARTNERS' CAPITAL
Mortgage Notes Payable	411,475,632	370,481,390
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture	24,136,809	22,992,420
Accounts Payable and Accrued Expenses	4,298,250	4,324,879
Advance Rental Payments and Security Deposits	8,874,364	8,369,497
Total Liabilities	448,785,055	406,168,186
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners' Capital 119,324 and 121,516 units outstanding in 2022 and 2021 respectively	(61,002,779)	(49,292,607)
Total Liabilities and Partners' Capital	$ 387,782,276	$ 356,875,579